Challenges and lessons learned from the project “Enhancing Urban Resilience in Medellín through Insurance Protection for Climate Risks and Natural Disasters” 

The project “Improving urban resilience in Medellín through insurance protection for climate risks and natural disasters” is an international cooperation initiative established with the objective of improving the resilience of Medellín and its capacity to respond to natural disasters. To achieve this objective, the project involved the design of a parametric insurance product to transfer disaster risk related to floods, landslides and earthquakes. The project also improved the capacity of the district to manage risk transfer products and strengthened links between the insurance sector and the needs of the district.